Maine Gold & Silver Review

Maine Gold & Silver (http://www.mainegoldandsilver.net/) is a precious metals dealer that buys and sells collectible coins and gold and silver billion. They also offer rare coin appraisal and grading services. The company was originally located at another address on Maine Mall Road in South Portland.

About the Management

The jewelers at their local storefront have more than 70 years of combined experience. The company's President is Normal Pullen, a PCGS professional coin grader who has served as a consultant for the Federal Trade Commission. The Vice President of the company is John Colby. John previously worked for Paramount International Coin Corp and has been a numismatist for 4 decades. More information about their management can be found on their coins and bullion page.

Maine Gold & Silver has a relatively shy web presence, with a perfect profile on the BB, bot no listings or ratings in some of the other major sites. Its Google+ profile could use some improvement on the ratings side 4 of the reviewers give a 1-star rating and 2 of the reviewers give a 5-star rating. Other than that, the company has a decent longstanding local reputation in South Portland, making it worthy of ranking in the top 50 of our list.

Key Pages From Maine Gold & Silver's Website

Considering the Options Before Investing in a Gold IRA

Purchasing gold for your IRA is an investment decision that should be carefully contemplated in every scenario. Financial advisers typically recommend investors devote between 5%-20% of their retirement portfolio to gold and other precious metals that preserve value during times of economic hardship.

Although 5%-20% might seem like a small fraction, if another recession or global financial criss occurs, that minority could suddenly hold the most importance in your portfolio. Furthermore, even if a recession does not occur and the dollar continues on the current course, storing about 20% of your retirement savings in precious metals will serve as a hedge against inevitable inflation.

If you're planning to retire 15 years from now, you should expect that every dollar in your 401k will have a lower value than today. By converting a percentage of your dollars into precious metals like gold (which actually increase in value as inflation rises), you essentially offset the effect of inflation and preserve the true value of your retirement account. On the other hand, if a recession does occur and the price of gold skyrockets, the value of your retirement account would actually increase, so there is a protective advantage and a possible benefit as well.

The two most important factors to consider when choosing a Gold IRA company are:

Does the company charge a flat-rate fee for precious metals storage or a sliding scale fee that increases with the value of the account? – Annual maintenance/storage fees are the biggest influence on the cost of storing precious metals in an IRA. These costs will be determined by the IRA custodian you choose to deal with.

What kind of reputation does the business have? Does it have plenty of positive reviews online? – Companies with exceptional reputations can generally be trusted to deliver on their guarantees.

In summary, you should be looking to deal with a company that charges a low flat-rate fee, yet also has the best ratings and reviews online. We made it easy to find such companies by creating the top 70 Gold IRA Companies of 2015 list.

Contact Us if You Own or Represent Maine Gold & Silver

If you're an owner, representative, or associate of Maine Gold & Silver and you've noticed information in this review that is inaccurate or misleading, please feel free to contact us with your concerns. In line with our goal to provide the most accurate company reviews possible, we will honor any requests to

Review Summary:

Maine Gold & Silver specializes in buying and selling coins and bullion, estate jewelry, and wedding jewelry. At their local shop in South Portland they also provide coin grading and coin and jewelry appraisal, repair, and design services. There are no mentions of IRAs on www.mainegoldandsilver.net, nor do they seem to offer any precious metals storage services. However, some of the coins they sell may be eligible to be deposited into an IRA.

Maine Gold & Silver specializes in buying and selling coins and bullion, estate jewelry, and wedding jewelry. At their local shop in South Portland they also provide coin grading and coin and jewelry appraisal, repair, and design services. There are no mentions of IRAs on www.mainegoldandsilver.net, nor do they seem to offer any precious metals storage services. However, some of the coins they sell may be eligible to be deposited into an IRA.

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Billionaire Quotes on Gold

Jim Rogers (net worth of $300 million)

M.G. George Muthoot (net worth 1.1 billion)

"If this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies."

George Soros (net worth of 22 billion)

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Eike Batista (net worth of 30 billion)

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Carl Icahn (net worth of 12.5 billion)

"The system is not working properly."

Paul Tudor Jones (net worth of 3.3 billion)

"I have never been a gold bug, it is just an asset that, like everything else in life, has its time and place. And that time is now."

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